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>>> right now on andrea mitchell reports, senator majority leader harry reid is expected to speak at any moment now. president obama is back at the white house. his call to congressional leaders seem to have fallen on deaf ears. reid, predicting the country will go over the fiscal cliff and blames it on house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> boehner's office's response? we've done our part. it's the senate democrats fall. but will the speaker call his members back before time runs out? >> at the last moment is the way these things normally happen. i think that can happen again. it just depends on putting egos aside a little bit and putting the best interests of the american people first. >> plus, keeping our kids safe, is arming educators the symptom or adding to the problem. >>> and can any
that senate majority leader harry reid and minority leader mitch mcconnell will bring to a vote, or put mine to a vote. >> and chrkristen, i did not he about the sequester or the spending cuts that people are talking about in the fiscal cliff, and the debt e creeling that tim geithner said that we would have to raise any day now, and is this the next couple of months in terms of the debate? does the white house have a strategy of dealing with both in the next phase? >> well, they are quite clear that there's probably just too much at this point to put that in this initial package and specifically the debt ceiling, and saying there is no way to address that right now. they know that is the next big hurdle they are going to have to face once they deal with the immediate issue of the tax hikes and spending cuts, so i believe that you are absolutely right. in terms of the strategy f they have one, they have not revealed the details about that quite yet. president obama today, and what i thought was interesting is using the power of the bully pulpit to put pressure on congress to get this basic d
this time. tracy: fiscal clef finger-pointing underway in washington. harry reid says they're headed over the cliff. it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to make decisions on how fast -- best to proceed. >> it takes time for the house and senate to get something don
leader, harry reid, mitch mcconnell, it is up to them to craft this thing. it is out of his hands for the next couple of days and into the hands of people in the senate. adam: rich edson at the white house. i know that you are going to regroup. gerri willis and "the willis report" will stop where we leave off. gerri willis is up next to explain all this for you. have a great weekend, everybody. gerri: hello, everybody, president obama calling on congress just moments ago asking to avoid the fiscal cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. and now he passes on to the senate. senate ma
, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. and now heasses on to the senate. senate majity leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nontarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate le
to be their strategy. >> and you heard right there harry reid really laying into republicans saying you guys have not been around. we have nobody to negotiate with. you know, negotiating to come to a compromise. a real interesting plan of attack by harry reid. mitch mcconnell came to the senate flor and said we await to hear from the president regarding any plan that he has moving forward but we're not just going to give a blank check over to democrats because we're on the edge of a fiscal cliff. and harry reid coming down and essentially tearing apart mitch mcconnell saying speaker boehner couldn't pass plan bmpld, you guys haven't done anything. show us where your cards are. what's interesting though is, karen, is what we know about who the house republicans are going to do. they're going to come back at 6:30 p.m. on sunday. eric cantor told them to be prepared to be in session through january 2nd. so remember yesterday we talked about optics, how bad it was for them to look like they weren't going to be in washington, d.c. they no longer have that problem. john boehner, one member who is on th
to this meeting? harry reid was sounding pessimistic early in the day. then john boehner calling the house back sunday evening with a vote scheduled after 6:00 p.m., setting up a late sunday session or a lot of fireworks on monday. guest: the redskins-cowboys game is on sunday night. each side staked out a public position it had to stake out. use it at the end there's a sentence saying, but we will talk or negotiate. nothing unusual here to me. i think right now they are doing what they have to do publicly. we do not know what those people in the room at the white house are going to say and that is the key. host: the speaker will attend this meeting. he said the house has passed legislation to avert the fiscal cliff. now the senate must act. senator reid said it is up to the house. explain what is going on. guest: i cannot read john boehner's mind. let's say the senate takes up something where you extend all the rates for a year but you increase the rates for people making $500,000. let's say that passes the senate. 75 votes. they sent it to the house. are republicans in the house going to be t
, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum that the president wants to see done before we hit january 1st. i've got to tell you, though, getting back to the votes, the votes simply aren't there in the house of representatives for that. they're likely not even there in the senate, so we're back at s
to not getting anything done. senate majority leader harry reid had this to say on the senate floor yesterday. >> months and months of talks between the president and boehner, both times boehner could not deliver because they refuse because of grover norquist to allow any tax revenues whatsoever. they cannot cross over the threshold that has been built by grover norquist. >> grover norquist joins us now exclusively here on cnbc. grover, we just heard you are the target of those comments, but did harry reid get it wrong, because i thought that your organization actually gave its blessing to boehner's plan "b." >> reid has it wrong on a number of levels. the first, of course, is that the pledge that many congressmen and senators have made to oppose tax increases is made to the people of their state, not to me. in fact, harry reid now has the republican senator joining him from nevada who won because he made that commitment. he took the pledge, and the democrat that harry reid supported attacked him for taking the pledge, and the people of nevada said we want a senator who will stand with us aga
harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republ
there was earlier in the day. mitch mcconnell and harry reid say they're going to come out and try to hammer out a bipartisan deal that can pass the senate with enough republican votes to convince the house to act and even president obama who had been concerned that they were not going to act and challenging them for an up and down vote said he was optimistic. here's the president after that meeting. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> now what would be in that mini deal? we're talking about tax increases for people at near the top of the income scale. the question is the threshold, 400 or $500,000 are the likely places that that could end up. it would likely turn off the automatic sequester by using some of the revenue from the tax increases to account as budget cuts and turn off they is quester and it would also extend unemployment benefits and do the so-called doc fix to preve
with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on january 1st. today harry reid emphasized that there is ome one reason why they are unable to reach an agreement so far. >> this has been going on for years. they cannot cross over the threshold. people are not propose iing mak the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would be@posturing stage at the end of that white house meeting tomorrow? >> in your introduction you made the fundamental point here which is that this agreement before the end of the year, simply cannot go forward unless john by nor is willing to let it do so with majority democrats in the house. if we go over the curve as you put it, they can vote for a large tax decrease becaused off of the new rates that would be reset. t
, including that man, harry reid, the majority leader of the senate. we've been getting mixed signals. the biggest signal we got was regarding the house which is coming back to -- reconvening sunday night, and that brought the market back in a big way, but now we're hearing from mitch mcconnell and let's bring in eamon javers there on capitol hill, i mean, the rumor had been, a lot of traders talking here, eamon, that maybe there's a dell brewing between the president and the senate. that doesn't sound like anything is going on right now according to rich mcconnell. >> what we got was a facebook post from scott brown who said he was come back to washington and jumping on an airplane to review some new proposal from the president that they expected to get. the whole afternoon has been spent by reporters trying -- trying to figure out what was going on. now harry vaed responding to mcconnell so let's right to it. >> he's upset because, quote, the phone never rang. he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passe
leader harry reid has joined her in making comments back at capitol hill. we'll let you know what they say as soon as that is transmitted to us. there are other directed comments they made little progress something they have been saying after the meetings the last few months. adam? >> we're looking to turn around reid's comments so we all can hear them. when you talk about the president he is up-or-down vote, someone referred to this as plan-c. is this the offer you reported on a while back where he would move the bottom line tax increase to 400,000 for the upper incomes as opposed to 250,000? is that on the table. >> we don't know if that is the specifically the offer on the table. it started at president's opening offer 250. you could see a pathway forward to raise the threshold up to 400, $500,000 a year, any amounts below that don't get tax increase. any amounts above that get tax increase. end of the year fixes preventing medicare doctors getting large pay cut. amt fix, prevents millions of americans paying the amt reform kick that to next year. that is sort of the path aides
connell is at the capitol and assuming he's in contact with harry reid and their staffs are going back and forth. the question has been every single day we've been into these negotiations. what is the threshold that republicans are willing to take to avert the fiscal cliff. there's their 400,000. so everyone who makes $400,000 their taxes would stay the same. would that be acceptable. if there is no deal to be reached we do know that harry reid will try to move forward on monday with the bill for those making $250,000 or below. so that's what we need to see how it will work there. there are types of sweeteners they can do. mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to
's court. harry reid tossed it right back. are we looking at another lost day in the negotiations? hitching a right on air force one, the new senator from hawaii and it's not what we expected it to be. here we go again. the president in washington and another deadline. secretary geithner warns we will hit the debt ceiling even before we tumble over the fiscal cliff. good morning from washington. it is thursday, december 27th. this is "the daily rundown." i'm luke russert. two days after christmas and washington is back to work trying to harsh out a deal to avoid the fiscal cliff. the senate will get back from the session after holiday break. the president is expected to arrive back to the white house without his family to get back to twork mework to meet the loo deadline. mike is at the white house. let's start with you. the consensus around the hill is that we are more likely than not to go over the fiscal cliff, but there is a small chance harry reid could take a house pass bill and amend it and send it back over to the house. what are you hear being that? >> conceivably, but when the pre
" tonight. brace for impact. senate majority leader harry reid says it looks like we'll head over the fiscal cliff. with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their customers. the market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. less filling tastes great. even when they say it's not it is always about money adam: before we serve you that beer let's look at the day's market headlines. stocks fell for their fourth straight session. that dour outlook on the fiscal cliff from senator harry reid sent stocks tumbling but they came off the session lows followi
the president what s your plan, senator harry reid are you going pass a budget. i really do believe that the president and the democrats really have no intention and as a result have no plan to limit the rate of growth in government and no plan to save social security and medicare and we need to start putting political pressure on them to show the american people a plan. the house passed two budgets since i have been here. they both include some proposal to save medicare. the democrats have not done that and this is really where we start turning the messaging on them and start demanding. i think the american people have a right to know, president obama are you going so solve the 92% or 93% of the deficit. what is it that you talked about on the campaign trail? >> sean: how can you help me he out or help the american people out. they don't know what taxes will be in a couple of days and now we are counting the hours. how is it possible the u.s. senate does not pass a spending bill which constitutionally they are supposed to pass in over three years, over 13 hyundais and then elect th
assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's starting to resonate at least with some of the elder members of both sides hence why we're even here on a s
obama, john boehner, nancy pelosi and harry reid, many mitch -- mitch mcconnell all in one room. danielle nottingham tells us it maybe the last chance to get any kind of agreement to avoid that fiscal cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this meeting today and that is we will kick the can down the road. >> reporter: senator bob courter told cbs this morning he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something. let me just say one more time this is a total dereliction of duty at every level. >> reporter: going over the cliff would af
as they can, even if it means going over the fiscal cliff. so if harry reid and mr. mcconnell can't come up with something, then you've got barack obama's proposal. >> joy, even before it gets to the house republicans, there are plenty of republicans in the senate who can mess this up, right? even if mcconnell and reid have a deal, there's no guarantee that there isn't a single tea party-backed senator. >> well, i mean, at the end of the day, look, mitch mcconnell is a much better leader of his caucus. and mcconnell has really controlled the leaders. the fact that he's meeting with harry reid means there probably isn't going to be a filibuster. i'll find that very surprising. the problem is that never have we seen, not in my lifetime, a weaker speaker of the house of representative than john boehner. john boehner has essentially thrown up his hands and walked away from this process. he's walked away from the constitutional mandate that senate and tax bills come from the house, not the senate. and he's said you guys pass something. they were going to pass something. it's the house that's the
:00 a.m. yesterday, senate leader harry reid said he didn't think the fiscal cliff could be avoided. as you can see, stocks plunged. shortly after noon, senator scott brown posted on facebook of all things that he was headed back to washington because the president had reached out to the gop leadership with a proposal. then the markets bounced up a bit. but then cnbc's john harwood tweeted the white house denied skost brown's post and markets dropped again. thanks, john, for that. then came a late day surge on news that speaker boehner called the house back to washington, and late today we learned that the white house is holding a conference call with ceos on the status of the fiscal cliff negotiations. so maybe things will change once more again tomorrow. joining me now to discuss the business ramifications and what the markets think of all this, the editor of thegrio.com and msnbc contributor joy reid. >> hey, richard. >> hi, joy. do we also have fortune magazine's assistant, yes, excellent, managing editor, leigh gallagher. thanks for joining us, too. wall street seems to have be
republicans. late today on the senate floor majority leader harry reid said what has become more and more obvious. the prospect of reaching a deal to avoid the fiscal cliff before january 1st is very unlikely. that's putting it lightly. let's watch. >> there's 435 members of the house. what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. the speaker just has a few days left to change his mind, but i have to be very honest, mr. president, i don't know timewise how it can happen now. >> well, that was plain. this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the
and do that. is there any chance he will before monday? >> i think there's a chance if harry reid and mitch mcconnell can blink together, they can come to agreement to bring something to the floor and move forward, then and only then will they blink but both have to hold hands and jump into the pool at the same time. >> but mitch mcconnell is worried about, what, ashley judd running against him. what is he really worried about? i'm just kidding because he's not worried about the general election. he's worried about a primary election like a rand paul. >> and a the other -- >> by the way, he is from rand paul's state. it's possible. >> he is. the other thing to keep in mind is boehner's speakership vote is up on january 3rd. >> but you -- everybody keeps saying that but to vote against the speaker who is the caucus nominee, let's face it, he is the nominee of the republican party, to not vote for the speaker is a major act of betrayal on the part of any member of the congress. you have to that day -- >> the idea if he goes and forces through a tax increase, they could express their
being sent up to the hill today. harry reid, the senate majority leader, also denied that any such thing was taking place today. both of those denials do also come against the backdrop of the fact both sides acknowledged this is not something they plan to litigate in public and underscores the real challenges that do exist, craig, now with barely 100 hours until the fiscal cliff deadline. two sides made it very clear. john boehner couldn't pass with house republicans the idea of raising taxes only on those making more than a million dollars. the president has insisted throughout that $250,000 had been his limit. it's bumped up to $400,000. but even when they were within just a couple hundred billion dollars, which seems like a lot to you and me but it is not a lot in the language of washington, then they went opposite directions an enwhere the political particular sis stands at this moment. >> all right. peter and alexander, thank you good sir. joining me now karen bass of california. congresswoman, good to see you and nice to see you there from the capitol. you are still in california b
know washington very, very well. we've been trying to read the tea leaves today. harry reid was out with a twitter -- a tweet early on, and then they were scheduling a news conference that. got cancelled. it got moved. now suddenly we're hearing that the house is he convening. what do you make of all the tea leaves we're reading right now? >> it's extremely chaotic and reminds me of the arguments between my two young daughters as to who is going to empty the dishwasher, except there's 500 billion in negative fiscal impulse in play here. i thought lee put it very well. the issue at this point, seems to me, i mean, it ain't over till we're over, but it seems to me is this going to be a chaotic cliff dive or more of a bungee jump wherein there does seem to be the makings of a deal. as i've described on our show before, there are technical matters that actually make it easier for republicans to support a compromise deal like the president's last offer after we go over. >> wait a minute. you don't necessarily see any of the developments today as progress per se? >> no, i don't. in fact,
saw yesterday senate majority leader harry reid basically accusing john boehner of running a deck tate toreship, that was his word in the house of representatives. reid piled on a little bit late yesterday afternoon and senate republican leader mitch mcconnell responded. take a listen. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them two in fact. they're not here. they're not here. john boehner seeps to care more about keeping his speakership than about keeping the nation on firm financial footing. >> reporter: there have been all eyes on senator mitch mcconnell, the republican leader, the counterpart to harry reid because he has been pretty quiet early on in the negotiations. was defering speaker boehner to give the republican side. after hearing senator reid yesterday, senator mcconnell fired back. take a listen. >> we're coming up against a hard deadline here and i said, this is a conversation we should had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we
going on right now, though the action is with the senate majority leader harry reid, minority leader mitch mcconnell trying to put together some alternative package that could in fact make its way through both houses. after they met with the president on friday, they sounded cautiously optimistic. here's what they had to say. take a listen. >> we'll be working hard to try to see if we can get there in the next 24 hours. and so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is whatever we come up with is going to be imperfect. >> and t.j., there's a lot of pressure on lawmakers and on the president to get something done. we've already seen the markets impacted by this. a lot of americans have just expressed frustration and concern over what's going to happen to their tax rates in the new year if in fact lawmakers can't get a deal. so there's a lot of public pressure to get something done on this. and of course, time is really running out. t.j.? >> kristen welker for us at the white house. than
anybody is actually doing anything right now. gregg: what about harry reid? what's his, does he have anything at all maybe towards the end of the week he will put on the table? i've been hearing he will put to a vote an extension of the bush tax cuts for anybody making under $250,000 a year, extend unemployment benefits for some 2 million people that are about to lose them. what are you hearing? >> right. he sounded pretty pessimistic this morning but that could change and there's, kind of a fight, procedurally between the house and the senate in a sense that if reid originates a bill in the senate that would do what you said, people in the house say, well that would be unacceptable because the constitution requires revenue bills to originate in the house. but there is this bill that the house did pass a while back extending tax cuts for everybody. the senate could actually amend that bill. it originated in the house and then send it back and actually get somewhere. you have to remember that john boehner actually gave in on the principle of raising tax rates for the highest earners.
of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house sp
. and then i'm told that mitch mcconnell and harry reid, the democratic leader in the senate jumped in before john boehner really got a chance to fully respond and say, look, we will take the ball and try to pass a bipartisan bill in the senate. the president responded by saying i will give you a day or two but we're running out of time. if you don't get it done in the senate. i want an up or down vote. then he came out and addressed reporters in the briefing room it is clear that the president is only cautiously optimistic that this is going to take a look. take a listen. >> it if there are disagreements they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. it needs to stop. i'm moderately optimistic that an agreement can be achieved. >> the president realizes after weeks of saying no they will get it done at the first time. they realize for the first time we may go off the cliff. harris. >> harris: they do call them experts for a reason the ones telling us this would be coming. >> plan a was basically the dramatic 4 tri
're looking to play nice. today, senator harry reid blasted the speaker for refusing to even vote on a democratic plan that would protect 98% of americans. >> everyone knows that if they had brought up the house -- i'm sorry, the senate-passed bill that would give relief to everyone making less than $250,000 a year, it would pass overwhelmingly. it's being operated with a dictatorship of the speaker. >> a dictatorship of the speaker. and here's house speaker boehner office responded. senator reid should talk less and legislate more. legislate more? what legislation has speaker boehner been working on while on vacation? while we're about to go over the cliff, the gop has been pointing fingers at the president. one gop aide says talks have failed because "the president made a strategic miscalculation and overreached. he picked a fight." picked a fight? sorry, that's not going to fly. the president has come to the table with numerous proposals. he isn't picking a fight. he's fighting for the american people. we all want a deal. but we will not give up our core principles. the preside
is what has to happen. mitch mcconnell and harry reid have to come to agreement. by tomorrow, possibly. have something they can vote on in the senate tomorrow night or possibly even monday. send it to the house of representatives where the president says the house speaker john boehner should put it on the floor, regardless if it gets the majority of the majority. that's the traditional way of doing things. the president said if any of the process fails, any of the steps along the way we outline, a senate agreement, vote in the senate, moving to the house, if it fails, the president wants a basic bill on the floor that sets those income levels at $250,000 above, to have everyone have their taxes rice rice. a lot of ifs and but, a flurry of last-minute activity, focused on the congressional leaders in the wes wing of the white house. >> like you said it will take a badda bing, badda boom to get this done. >>> joining me now is ed o'keefe and staff writer for "roll call," jonathan strong. thank you, both, for being here. i want to listen to more of what the president said on friday. i'll
, and for our entire economy. but the hour for immediate action is here. it is now. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that w
than expected because of, say, harry reid and mitch mcconnell are able to work something out? >> reporter: i think that that is very likely. you heard president obama sort of signal that he's going to do that when he spoke on friday. he talked about the fact he'll be seeing everyone this week. we get the sense that he is prepared to cut the vacation short. i would not be surprised to see president obama heading back to washington, d.c. at the end of this week. thomas? >> set the sand on the soles as soon as you can. >> reporter: i will. >> merry christmas. thanks. >> reporter: you, too. >>> there are senators on both sides of the aisle saying that the best hope before the new year is a small and temporary deal that will at least buy americans some time. >> i think there's unfortunately only a small deal. i think we'll get past it but we have to get to the big deal. >> we can't let taxes go up on working people in this country. it is going to be a patch because in four days we can't solve everything. >> all right. let's dig in and talk more. joining me is lynn sweet and bob cu
are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new e
, it's up to the senate. staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiate
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